127 Parker Ave - Apartments FOR SALE


Passaic, NJ 07055
$1,400,000 USD
973-487-7470
127 Parker Ave, Passaic, NJ for Sale
$1,400,000 USD
Apartments - FOR SALE
1/47
null | 6.7% Cap Rate

127 Parker Ave
Passaic, NJ 07055


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Strong rental demand near transit, shopping, and schools

OVERVIEW

Fully leased 6-unit multifamily in prime Passaic location. Strong 6.7% CAP rate with a GRM of approximately 10.70. Unit mix includes (1) 1BR and (5) 2BR apartments, several with recent upgrades. Built in 1920, zoned R-3, and ideally situated near shopping, schools, public transportation, and major highways. Consistent rental demand and stable tenancy make this a turnkey addition to any portfolio.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-3

APN/PARCEL ID

07-04064-01-00048

ASK ABOUT THIS PROPERTY

Andrew HarhajProminent Properties CommercialMore Info
973-487-7470

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Andrew HarhajProminent Properties CommercialMore Info
973-487-7470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.